News
Home Office continues AVICS support
The Home Office has announced its continued support of the ACPO Vehicle Crime Intelligence Service, a unit dedicated to reducing vehicle-enabled crime.
AIG adds two to board
US Treasury Department to name Donald H. Layton and Ronald A. Rittenmeyer to AIG’s board
Catastrophe losses have no impact on April renewals: Aon Benfield
Reinsurance rates continued softening trend at April 1 renewals according to the report from the broking giant
Flux predicts U-25s motor premium hike of 20% amid Quinn fallout
Young drivers could suffer a 20% insurance hike as a result of Quinn Insurance going into administration, according to specialist insurance provider Adrian Flux.
Government publishes Finance Bill
The government has published its 2010 Finance Bill. In a statement, the government said that the Bill will enact many of the measures that the Chancellor set out in his Budget statement.
Serious Fraud Office conviction rate up 74%
The Serious Fraud Office has significantly increased its conviction rate in cases brought before the courts in the past year, according to figures it is releasing in advance of its annual report.
Beachcroft acquires insurance law firm
Beachcroft is joining forces with niche insurance practice, William Holden Cooklin Gibbons.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
Former Mitsui CEO Guest returns with mutual exec role
The Higher Education mutual UMAL has appointed the former CEO of Mitsui Sumitomo London, Allan Guest, as a non-executive director.
ABI and MIB to create Employers' Liability Tracing Office
ELTO to be headed up be RSA UK CEO Adrian Brown.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
Dai-Ichi Life leaps on first day of trading
Dai-ichi Life Insurance leapt 14.3% on its first day of trading as investors rushed to buy into its IPO.
Samsung Life seeks to raise $4.5bn in IPO
Samsung Life Insurance is seeking to raise up to $4.5bn in May in what would be South Korea’s largest initial public offering.
Hartford repurchases $3.4bn of shares from US government
Hartford Financial Services repurchases preferred shares from the US government ending a taxpayer-funded bailout after reporting Q4 profit.
Willis adds six to its network
Willis today announced that six new members have joined Willis Networks, its partnerships with local, independent insurance brokers in the UK, bringing the networks’ combined membership to 106 firms.
Ace promotes Kenneth Riegler
Mr Riegler to lead multinational client group in North America and Ace USA's foreign casualty division
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
FSA "smashes" fine record by 21% claims law firm
The FSA "smashed" last year’s record fines by 21% this year (to March 31) as it handed down £33.1m in fines, City law firm Reynolds Porter Chamberlain LLP said today.
Reinsurance rates continue to decline: Guy Carpenter
Reinsurance rates across most lines of property catastrophe business around the world continued the decline experienced at January renewals, according to Guy Carpenter in its report the April 1 renewals period.
European insurance buyers' product satisfaction revealed
Insurers will soon learn what their major commercial insurance customers in the UK and across Europe think about the products and services they offer.
Ace adds accident and health cover to online offering
Ace has launched five new accident and health products on its UK broker e-commerce platform.
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
CII in Korean tie up
The Chartered Insurance Institute has entered into a partnership with the Korean Insurance Institute to extend professionalism within the Korean insurance industry.